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Dec 27, 2012
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weakness in the u.s. dollar. greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much about this explosion, ability to get natural gas. how is that playing out? >> it is, you know, again, weather related. couple of things there. colder weather gives a lift to natural gas in that case. at the same time, supplies expanding and they are counter-bailing force was natural gas at this point. >> mary thompson, thanks so much. >>> few days ago cnbc host piers morgan appeared on "the kudlow report" to defend his strong and often nasty attacks on american gun laws. and that is sparking a backlash. a petition to have piers mor
weakness in the u.s. dollar. greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much...
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Dec 3, 2012
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americans are piling into u.s. gold coins in record numbers. november sales more than tripling hitting the strongest levels since 1998. as you can see in the start qe 3 and president obama's reelection are two of the biggest drivers. can gold coins be the ultimate. let's bring in dennis gartman who joins us on the fast line. always grade to speak with you. >> always good to be spoken with. >> that's what i'm talking about. we are entering a seasonally strong period already. just a seasonal uptick. >> we have had the indian wedding season pass us up. i think you have the public piling into gold which happens. and we have to be careful because when the public comes into something the pros think that is the end of the move. the last time we saw gold coin sales of this consequence was in 2008 and gold moved from $900 an ounce to $1,700 an ounce. i will council people to be careful when buying gold coins because the markup on gold coins can be preposterous, stupid, egregious, silly. >> like what? i don't know how much these things weigh. how much is
americans are piling into u.s. gold coins in record numbers. november sales more than tripling hitting the strongest levels since 1998. as you can see in the start qe 3 and president obama's reelection are two of the biggest drivers. can gold coins be the ultimate. let's bring in dennis gartman who joins us on the fast line. always grade to speak with you. >> always good to be spoken with. >> that's what i'm talking about. we are entering a seasonally strong period already. just a...
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Dec 20, 2012
12/12
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this is your best correlated trade to the u.s. housing recovery. i think you stay with it but you take your equity position now and move it into options. the potential is there if there is a larger entity that believes of playing the u.s. housing inregular it. >> at stock is trading at 52-week low, down 11%. hold it or fold it, stephanie? >> this should be the fast fire of the day. certainly for me. i was wrong on this name. the quarter was disappointing. i thought they would do a little built better on the margin side, a little better on the comp side. some of it was superstorm sandy related so i don't think it -- the stock is down about 3 -- 30%. i think housing could bail them out. >> first up, merck. >> the cholesterol drug failed a test. could take a big hit. >> and if it goes to 22, i'm a buyer of greenier. >> what a story aig has been this year. >> i think now that the government is out and they've sold aii. they have $11 billion here and you can focus on fundamentals? >> it's excellent for mid-couldn't fent refiners. >> and a pop for the go
this is your best correlated trade to the u.s. housing recovery. i think you stay with it but you take your equity position now and move it into options. the potential is there if there is a larger entity that believes of playing the u.s. housing inregular it. >> at stock is trading at 52-week low, down 11%. hold it or fold it, stephanie? >> this should be the fast fire of the day. certainly for me. i was wrong on this name. the quarter was disappointing. i thought they would do a...
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Dec 13, 2012
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. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach to the stocks. if the power gauge is bearish, and it's not bearish on all, but if the power gauge is bearish, i think this is a great place to raise cash. >> we're showing charts and the gauges for tiffany as well as coach and they are very l leveraged to china. >> no doubt. >> the negative power gauge there. there is one stock that you brought with you, mark, that is positive in terms of the power gauge, and that is yahoo!, a pick of steve's for a long time. >> i like it for some of the same reasons. but the key here is they are hiring engineers. they bought on the air and the reason is they know these eng
. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach...
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Dec 12, 2012
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but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we will hear from blackrock's chief investment officers of fundamental
but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a...
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Dec 19, 2012
12/12
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the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money aft
the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in...
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Dec 12, 2012
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i think the u.s. has a long way to go before the markets lose confidence in them. >> kayla, did they address that in terms of what the catalyst would be for determining when that trade would be put on? >> no, melissa, they really didn't. they said, you'll know it when you feel it and the point was, everyone is really looking at dalio, because he's been right in the past and he's a guy that can't put his finger on it. he feels which way the wind is blowing, but he said late 2013. everyone was latching and they said, we're going to call you and see if you still agree with that. >> if only we had a finger like ray dalio, we could all be millionaires. kayla, thank you. all right, b.k., would you be looking to put that trade on yourself? >> not not. in fact, i bought some tips today and i think that's the way to do that. if you get inflation protection but in case this whole thing doesn't work, you get deflation protection, because the principle is protected. one of the best trades out there. >> fast or fi
i think the u.s. has a long way to go before the markets lose confidence in them. >> kayla, did they address that in terms of what the catalyst would be for determining when that trade would be put on? >> no, melissa, they really didn't. they said, you'll know it when you feel it and the point was, everyone is really looking at dalio, because he's been right in the past and he's a guy that can't put his finger on it. he feels which way the wind is blowing, but he said late 2013....
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Dec 17, 2012
12/12
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wal-mart has 4,000 stores in the u.s. while target has just over 1700. we're putting everyday low prices against cheap chic and going into this season, wal-mart sales are up 1.5% year over year while target is nearly double that. assessment for same-store sales this holiday quarter put wal-mart up 8% and target up 2.3%. not so fast, target. last year wal-mart delivered a holiday bunch up 10.. % while target remained unchanged. >> the battle of the big boxers, wal-mart and target. wal-ma now each competitor herb has ammunition. we will go to you first before the people who are paid to give us opiniones. who do you like in this fight? >> i think it is interesting. they are apples an oranges. so much different business models. both are very well run companies. it would be hard to, i give wal-mart the went to social med huge way. i think that helped them out in the post period. >> now, brian. you're with the experts. i want to hear what they think. >> i want herb to commit to a pick. >> he's not. >> i can see the benefits of both companies. >> they're both w
wal-mart has 4,000 stores in the u.s. while target has just over 1700. we're putting everyday low prices against cheap chic and going into this season, wal-mart sales are up 1.5% year over year while target is nearly double that. assessment for same-store sales this holiday quarter put wal-mart up 8% and target up 2.3%. not so fast, target. last year wal-mart delivered a holiday bunch up 10.. % while target remained unchanged. >> the battle of the big boxers, wal-mart and target. wal-ma...
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Dec 26, 2012
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only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux...
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Dec 24, 2012
12/12
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the u.s. mx said the stoppage in the west coast a decade ago cost the economy about $1 billion a day. reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their website, a little bit of foreboding, there's a big fat link on the upper right side that says strike preparations. melissa, back to you. >> brian, as we've seen with other strikes, of course, theoretically shifts can go into other ports maybe in mexico and goods can move up by rail or truck. >> yes. but it does complicate the supply chain. there is obviously some distribution issues. but yes, there are ways around it. it just complicates it and costly. >> brian shactman, thank you. as congressional leaders
the u.s. mx said the stoppage in the west coast a decade ago cost the economy about $1 billion a day. reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their...
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Dec 24, 2012
12/12
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in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you an overall question, jason, and i don't know how you answer this, but, for investors, that are looking at a way to play energy, i mean, is it going to be basically hydro carbon based? are we back to that where it's either natural gas or oil exploration or some facet of that? >> i certainly think so. i think that did we're looking for trends in 2013, you know, the potential re-emergence of higher natural gas prices could be there. we think it's going to take some time for that to happen. i think the trend in 2013 is going to b
in the new year, the u.s. will find more ways to utilize or export this cheaper, cleaner fossil fuel, and the increase in demand will set the stage for the continuation of rising prices. >> it's been a wild ride for oil this year. oil prices fluctuating because of a lot of stuff in the middle east, also america's growing energy independence. what can we expect from energy in 2013? joining us from london is jason from european oil and gas research at mccard securities. i'm going to ask you...
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Dec 27, 2012
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>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore it is artificially depressed, higher than we are seeing it now, at 19 and change or so. what do you account for the complacency in the market, remained in the market most of the month of december, as we are nearing the deadline? >> you have two competing things, guys who made money and don't want to risk it and guys that missed the move and are frustrated they are not going to get n the retail investor is not really participating, a lot of the funds respect playing right now either, they will wait until next week. >> i know a l
>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore...
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Dec 14, 2012
12/12
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let's get over to bertha coombs for a market flash this time on u.s. steel. >> u.s. steel materials today the best performer, the best performer this week and u.s. steel is the best gainer today in the s&p materials sector. the stock has had a phenomenal week on real big volume. fitch out with a note last night saying that they think steel makers should see some modest margin improvement but that is not a modest move when it comes to stock today, carl. >> no. and one of the best ticker symbols out there. thanks so much. he's been on the run from officials in belize but this morning he ended up on "squawk box." former tech titan john mcafee has been caught up in a murder investigation but his explaination of the situation keeps getting a little stranger. robert frank has been following the story this morning. killer interview this morning on "squawk." >> thanks so much. well, he did make a lot of news on our air this morning. he started with his insistence that he did not kill his neighbor in belize. >> let me be clear i had nothing to do with the murder of gregory fa
let's get over to bertha coombs for a market flash this time on u.s. steel. >> u.s. steel materials today the best performer, the best performer this week and u.s. steel is the best gainer today in the s&p materials sector. the stock has had a phenomenal week on real big volume. fitch out with a note last night saying that they think steel makers should see some modest margin improvement but that is not a modest move when it comes to stock today, carl. >> no. and one of the best...
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Dec 20, 2012
12/12
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well, you know, the u.s. is getting close. wl when you say 90%, you're talking about debt that's being held by the public, not about debt hanging out on a fed's balance sheet. exactly how much growth are we talking? can you quantify that for me, sir? >> well, the fed's balance sheet counts when it's issuing short-term debt and buying long-term debt. the treasury owns the fed. that's a bit of an illusion. the effect on growth, again, this is an association. there's a lot of qualifications. but the slower growth averages about a little over 1% a year and the average episode lasts more than 20 years. that was in my research with carmen and vincent reinhart. if you're running it out 20 years, 25 years, you're a quarter lower on your output than you would have been. it's a big deal. it's not the only thing go on. it depends on what kind of innovation you have, infrastructure. there are things can you do to try to mitigate it but having a high debt level out there limits your options. if you have problems in the future, eventually t
well, you know, the u.s. is getting close. wl when you say 90%, you're talking about debt that's being held by the public, not about debt hanging out on a fed's balance sheet. exactly how much growth are we talking? can you quantify that for me, sir? >> well, the fed's balance sheet counts when it's issuing short-term debt and buying long-term debt. the treasury owns the fed. that's a bit of an illusion. the effect on growth, again, this is an association. there's a lot of qualifications....
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Dec 21, 2012
12/12
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., and we're already seeing some u.s. multinationals, you know, that are really strained not only domestically, but the world's, you know, abroad. there may be better growth opportunities. >> overall, corporate earnings growth is going to be driven by a couple of things. you need to have widening margins or expanding top lines. the margin issue has largely been used up. it's been -- you have the benefit, all those deficiencies that have taken place plus an exceptionally low cost of capital driven by low interest rates. the margins are probably as wide as they're going to get. we don't see a really robust economic picture either. this story makes that a little bit worse. analysts have been pretty optimistic about earnings growth for u.s. companies for a number of years and you usually don't get that ad infinitum at a 45 degree angle. so the expectation for earnings growth, we have to mute our expectations somewhat. >> we already heard so many conference calls during earnings season the excuse of the fiscal cliff delaying t
., and we're already seeing some u.s. multinationals, you know, that are really strained not only domestically, but the world's, you know, abroad. there may be better growth opportunities. >> overall, corporate earnings growth is going to be driven by a couple of things. you need to have widening margins or expanding top lines. the margin issue has largely been used up. it's been -- you have the benefit, all those deficiencies that have taken place plus an exceptionally low cost of...
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Dec 13, 2012
12/12
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john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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Dec 12, 2012
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. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the current quota. we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank yo
. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the...
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Dec 5, 2012
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we're about 55% in the u.s., 25% in developed non-u.s., and 25% in emerging. those emerging and developed non-u.s. numbers we pushed up back in october. >> how much risk do you think you're taking by going overseas like that? we hear people say how undervalued they feel the u.s. market is and what a mess many of those emerging markets are right now. >> it's interesting. quite frankly, a lot of the emerging markets have underperformed quite significantly in the past year. >> isn't that appropriate, though, given the fact the growth rates have come way down? >> absolutely growth rates have come down. if you look at the underlying trend in the growth rates and the pmis coming out of those countries, they probably bottomed back in the summer, probably in august and september. they're beginning to creep back up now. >> you think we'll see back to the highs in terms of the growth rates and places like brazil? >> i think we're looking at 5% to 6%. that's probably better than 2% out of the u.s. >> absolutely. >> eric, what's your best idea right now? >> well, i think
we're about 55% in the u.s., 25% in developed non-u.s., and 25% in emerging. those emerging and developed non-u.s. numbers we pushed up back in october. >> how much risk do you think you're taking by going overseas like that? we hear people say how undervalued they feel the u.s. market is and what a mess many of those emerging markets are right now. >> it's interesting. quite frankly, a lot of the emerging markets have underperformed quite significantly in the past year. >>...
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Dec 24, 2012
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but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, given that we now seem to be a clashing of heads between the republicans and the democrats in regards to moving forward on the fiscal cliff issue. it does seems as though they're running into logger heads here slowly before the last couple of days before the deadline to solve the fiscal cliff negotiations. the ftse 100, a couple of points higher at the moment. same going for the spanish market, the aex in t
but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down...
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Dec 11, 2012
12/12
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so this money guaranteed by the u.s. is going to see the wealthy plow their money in these institutions, guaranteed. and who guarantees it? all the other people that aren't necessarily wealthy. so, once again, the faux rich get thrown into the ditch. because the way i see it, whether it's the super wealthy on many levels, and i hope everybody becomes super wealthy. once again being confused with the upper middle class. these issues never go away. here's what i worry. all these big bailouts, we talked about aig today. yeah, it worked out. at what expense? what did we give away? what moral hazards did we create? let's not create another one. if the super wealthy want guarantees, let's not give it to them. let's put it to work the way capital ought to be and create new enterprise. >>> markets going to watching the speaker of the house. john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you
so this money guaranteed by the u.s. is going to see the wealthy plow their money in these institutions, guaranteed. and who guarantees it? all the other people that aren't necessarily wealthy. so, once again, the faux rich get thrown into the ditch. because the way i see it, whether it's the super wealthy on many levels, and i hope everybody becomes super wealthy. once again being confused with the upper middle class. these issues never go away. here's what i worry. all these big bailouts, we...
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Dec 24, 2012
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so you've got the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as that time period but i still think we could pick up steam. look, ultimately if we start a trend lower, we saw volatility after the presidential election. we saw what happened, a thousand points came off the dow at a very short period of time. i think people are being lulled into complacency starting to think, well, we don't have that. it is not like it was. it could very well be very quickly. so again, i'm not trying to cry wolf. what i'm trying to say is people should be prepared. selling is not this evil thing. this protection, making sure they have levels at which th
so you've got the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as...
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Dec 31, 2012
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the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estimated 800,000 civilian employees about furloughs in the new year. south carolina senator lindsay graham after he was contacted by secretary of defense leon panetta. >> he says if we do that, it will shoot the defense department in the head and we will have to send out 800,000 layoff notices at the beginning of the y
the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal...
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Dec 17, 2012
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the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two years together we could have 30, if we get some of the things -- >> we had three straight years at 30. >> that was a different world. earnings were higher. they're flagging a bit now. >> if everybody gets what they want with this, even the corporations aren't suddenly unleashed, either, with all their corporate -- >> it's going to be slow. the linger of the debt wind-down and the residual issues. that takes years to unravel. >> we have not talked individual stocks. when you see what's happened with apple, what do you think? >> apple starting to have more
the u.s. a little better. europe less bad. it's going to be an okay economic -- >> you get everything you want, fiscal cliffwise and we actually start tackling some of these long-term issues, you know diffident taxes are heading up. what -- is the market spring loaded so that if we get what we want it will be a really solid advance that we get? >> solid, look, joe, and in a muddle through economy solid is only a mid teen number. we're not going to get 30% gain. >> put the two...
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Dec 20, 2012
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. >> there is certainly a big dose of holiday cheer around the u.s. and we are calling it our hope yum. we have three gifts just for you. first, stocks getting more and more love thank you. er with seeing finally rotation out of bonds. bank of america saying in a note that these are biggest outflows from bond funds in 70 weeks. the second gift, good growth number today. our economy growing at solid 3.1% pace last quarter. gdp numbers better than expected. finally, your third present. housing tp it has been hot. seeing their biggest gains since 2006, mandy. a hopeium hat trick just for you. >> thank you very much. >> holiday h o opium from all sides today. let's start with the dow up just 2% this month alone. even better days ahead. let's ask paul hickey. once again, paul, historically speaking the isn't a claws rally kicks off on the 21st. feels like santa has come a little early this year. >> he certainly has. so far like you said, up almost 2% on the month. historically, december issiser toically a strong month but the first half of the month is typ
. >> there is certainly a big dose of holiday cheer around the u.s. and we are calling it our hope yum. we have three gifts just for you. first, stocks getting more and more love thank you. er with seeing finally rotation out of bonds. bank of america saying in a note that these are biggest outflows from bond funds in 70 weeks. the second gift, good growth number today. our economy growing at solid 3.1% pace last quarter. gdp numbers better than expected. finally, your third present....
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Dec 21, 2012
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u.s. today. details on how it will affect your holiday travel, right after this. >> announcer: before the hit the road, here is your traveler's check. when employees head out on business travel, where are they spending their company's money? according to certify, an expense reporting company, their data revails that the most expensed airline, delta. and hotel? hilton. what is the most popular restaurant for employee expenses? find out, next. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. whe
u.s. today. details on how it will affect your holiday travel, right after this. >> announcer: before the hit the road, here is your traveler's check. when employees head out on business travel, where are they spending their company's money? according to certify, an expense reporting company, their data revails that the most expensed airline, delta. and hotel? hilton. what is the most popular restaurant for employee expenses? find out, next. [ male announcer ] you are a business pro....
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Dec 27, 2012
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we like home depots and u.s. gypsums and they continue to do well. >>> still on deck, call it the hottest trade in the world, why a plunging yen is creating big opportunities for investors. one of our traders is making a daring short bet on a popular stock. when we come back. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed ba
we like home depots and u.s. gypsums and they continue to do well. >>> still on deck, call it the hottest trade in the world, why a plunging yen is creating big opportunities for investors. one of our traders is making a daring short bet on a popular stock. when we come back. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the...
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Dec 27, 2012
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. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month mode and it's below 1 hup. >> i don't understand that much. do
. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special....
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Dec 5, 2012
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so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in economies around the world? >> merry fiscal cliff-mas to you. you're going to see more bouncing like a yo yo, on the fundamental story, the models we have pointing going into 1q, the reason, it sort of rhymes in the spirit of the season. you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in th
so if the u.s. puts in austerity as you say, then that is going to drag on the economies around the rest of the world. and you're looking at, i think, more concerns, and that could go back to the dollar, surprisingly. >> kevin, why don't we talk about oil prices? we did see oil touch above $90 last week at the end of the week. but it was a very brief move, this morning back down around $88. what's driving things right now? is it geopolitical or more of a story about what's happening in...
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Dec 27, 2012
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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Dec 18, 2012
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equities are cheap in the u.s., and it's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that. importantly whatever happens with bonuses will be no indication what happens with next year because in 2009 a lot of people were hired on contracts, so the firms are forced to actually still have higher payouts than they want to have. 2013 is going to be a much ruder awakening for salaries and total comp on wall street. >> wow. meredith, always nice you have to on the program. >> thank you so much. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon. students ret
equities are cheap in the u.s., and it's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that....
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Dec 13, 2012
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if the u.s. goes over the fiscal cliff. >>> and the u.s. takes another surprising step tying interest rates to the u.s. unemployment rate. >>> plus, investors chairing danone plan to save $2 million over the next two years as they try to offset a slump in southern europe. >>> straight ahead on the program, moody's says not to worry about political instability in italy. our next guest disagrees. should markets expect the repricing of risk next year? [s >>> welcome back to "worldwide exchange." we're checking on trade now. european markets for the most part dripping lower. ftse 100, cac 40 down less than .2%. xetra dax down more than 0.4%. double digit gains for the other major bourses, as well. we've seen gains the last several trading sessions. the ibex 35, rallying up .5%. same for the ftse mib. >>> speaking of italy, let's take a look at the yield curve. 4.64%. italy has a dead auction coming up later in the show. as for spain and germany, they are seeing yields drip lower this morning, as well
if the u.s. goes over the fiscal cliff. >>> and the u.s. takes another surprising step tying interest rates to the u.s. unemployment rate. >>> plus, investors chairing danone plan to save $2 million over the next two years as they try to offset a slump in southern europe. >>> straight ahead on the program, moody's says not to worry about political instability in italy. our next guest disagrees. should markets expect the repricing of risk next year? [s >>>...
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Dec 5, 2012
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highest ranking u.s. businessman was warren buffett. i believe the third businessman in the list -- we have the third one there? i forget who it was -- oh, mike duke of walmart. >> sure. well, it's interesting. if you look at the criteria we've chosen and the people in that top ten, it's hard to argue with the leader of the free world who just won the electoral college, the popular vote and those seven states that we talked about? he won all seven of them. it is hard to argue that he isn't the most powerful man. as you go down through the list, angela merkel. she's a politician, not a business person but she's certainly got a business responsibility. she's carrying the weight of the eu on her shoulders in a very real way. >> as we move -- so basically political power and influence over people and economies trumps the individual leaders of companies. >> particularly that last piece because the economies are so important. and fortunes -- >> i was curious as i looked through the list of other politicians that the sort of second ranking ame
highest ranking u.s. businessman was warren buffett. i believe the third businessman in the list -- we have the third one there? i forget who it was -- oh, mike duke of walmart. >> sure. well, it's interesting. if you look at the criteria we've chosen and the people in that top ten, it's hard to argue with the leader of the free world who just won the electoral college, the popular vote and those seven states that we talked about? he won all seven of them. it is hard to argue that he...
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Dec 20, 2012
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both offered ran up against scrutiny for u.s. and eu regulators. >>> the u.s. patent office says a patent that helped apple win a $1 billion in damages against samsung is invalid. 9/it distinguishes between single and multi touch gestures on the ipad. apple is likely to appeal the patent ruling. apple shares are adding aboabou about .2% in frankfurt trade. samsung down .8% on korean trade today. >>> google has struck a deal to sell motorola cable top business to a eer is. google has been more focused on revamping the company's struggling mobile unit. take a look at google trade. >>> bernie madoff's younger brother will be sentenced today for his role in the multibillion dollar ponzi scheme. peter was a chief compliance officer at the firm. he pleaded guilty in june to several charges, including security fraud and falsifying records. he faces up to a year in prison. although letters from dozens of friends and family members and business acquaintances were filed earlier this week asking the judge for leniency. >>> european markets are mixed. adding about 10% desp
both offered ran up against scrutiny for u.s. and eu regulators. >>> the u.s. patent office says a patent that helped apple win a $1 billion in damages against samsung is invalid. 9/it distinguishes between single and multi touch gestures on the ipad. apple is likely to appeal the patent ruling. apple shares are adding aboabou about .2% in frankfurt trade. samsung down .8% on korean trade today. >>> google has struck a deal to sell motorola cable top business to a eer is....
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Dec 21, 2012
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i mean, you know that the u.s. economy is doing better. we know there will be a solution. it might take a little more time. i'm not going lore a grand bargain next week nor am i looking for the collapse of any negotiations, but i think there will always be a compromise and with a comp mooig mice comes opportunity. >> it's amazing to me, though, that this is taking so much time. dean, do you think we've seen an impact to the economy going into 2013 as a result of anticipation and inability on the part of or r on the part of business executives to put plans in place, hire new folks because they don't know what their tax rates are going to be, they don't know what's happening in washington? has it already taken an impact? >> i think that's fair to say. we have seen capital spending be weaker than it would have been otherwise if there hadn't been these worries about the fiscal cliff. i think that the worry, though, that the economy was going to tank in the second half of the year, something like 1% that many people were expecting, that's proving not to be true. and the key rea
i mean, you know that the u.s. economy is doing better. we know there will be a solution. it might take a little more time. i'm not going lore a grand bargain next week nor am i looking for the collapse of any negotiations, but i think there will always be a compromise and with a comp mooig mice comes opportunity. >> it's amazing to me, though, that this is taking so much time. dean, do you think we've seen an impact to the economy going into 2013 as a result of anticipation and inability...
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Dec 26, 2012
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the u.s. fda considering it. their decision expected by st. patrick's day of 2013. infinity farm amended a licensing agreement involving enzymes that could help fight against cancer. rbc likes it. they raised their price target to 38 from 32. this company also recently sold stock which rbc adds could help shore up their capital position. >>> finally, best buy. best buy shares not moving higher today. in fact, down a percent. but you had positive comments i want to relay to you about the new store remodels. an analyst went to best buy post- and pre-model and says the new stores are a real up grade from the whole. he believes the new design could help sales. best buy down about 33% this quarter. >>> in bonus stock which is not a stock at all, it is an etf, talking about the uso, i'm only showing it to you because it's up 2.7%. it is very active and you got some technical levels looking pretty good, mandy. >> actually, that oil etf is a pretty good segue into the oil check because the president's early return to washington sparking an oil rally. bertha coombs has been
the u.s. fda considering it. their decision expected by st. patrick's day of 2013. infinity farm amended a licensing agreement involving enzymes that could help fight against cancer. rbc likes it. they raised their price target to 38 from 32. this company also recently sold stock which rbc adds could help shore up their capital position. >>> finally, best buy. best buy shares not moving higher today. in fact, down a percent. but you had positive comments i want to relay to you about...
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Dec 26, 2012
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. >> reporter: for insurors, 2013 will bring more m & a to diversified business as u.s. profit margins are squeezed by regulation and competition. united health's $5 billion acquisition of brazil's biggest health provider will likely push others to hunt for more international growth. >> medical device makers face a 2.3% excise tax starting in 2013 under obama care. it's been a head wind for stocks like boston scientific and striker. any kind of reprieve on that rate is going to be a positive for the sector. >> reporter: the biggest story of the year will be the buildout of the state health exchanges. the federal government has to build 32 of them for states opting out, along with a complex central data hub to manage eligibility and subsidy payments. it will be little short of a miracle to get the online insurance marketplaces up and running smoothly by october 1st, when millions of uninsured americans are supposed to start signing up for obama care coverage. >> so what rule will have the biggest impact on the health care industry and who will be most affected? joining us
. >> reporter: for insurors, 2013 will bring more m & a to diversified business as u.s. profit margins are squeezed by regulation and competition. united health's $5 billion acquisition of brazil's biggest health provider will likely push others to hunt for more international growth. >> medical device makers face a 2.3% excise tax starting in 2013 under obama care. it's been a head wind for stocks like boston scientific and striker. any kind of reprieve on that rate is going to...
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Dec 31, 2012
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u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is t
u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income...
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Dec 28, 2012
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and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something, they say i object and you can't get it through. the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's
and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something,...
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Dec 31, 2012
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. >> in the embassy you would be under u.s. law, right? >> that's u.s. ground. >> u.s. time? >> the embassy -- >> all this debt. anyway, we are back here in d.c., a d-day for real. joining us on the set is republican senator from wisconsin, ron johnson, member of the senate budget committee and appropriations committee. who i got to just say, senator, you're like beside yourself. you're a small business owner. you got hundreds of employees. you're here working in the senate, i wouldn't call you an accidental senator. although they wanted you to run and you did it quickly. but you're looking around right now, and where do you think you are? alice in wonderland? are you -- >> it's an alternate universe. this place is a joke. bottom line, this is an absurd process. it certainly proves the genius of our founding fathers that government should be limited. i mean the fact that we have this place, having such an enormous effect on our economy, on people's livelihood, is wrong. it's simply wrong. so i'm a manufacturer. i'm always looking for the root calls of the problem. the root ca
. >> in the embassy you would be under u.s. law, right? >> that's u.s. ground. >> u.s. time? >> the embassy -- >> all this debt. anyway, we are back here in d.c., a d-day for real. joining us on the set is republican senator from wisconsin, ron johnson, member of the senate budget committee and appropriations committee. who i got to just say, senator, you're like beside yourself. you're a small business owner. you got hundreds of employees. you're here working in...
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Dec 10, 2012
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u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit higher price point. that combined with these product innovations, they're very cognizant of margins when they're trying to push iced mixed drinks. the sandwich -- which i've not tried. >> you said cheddar/baconburger. >> it looks like they're going to remain modest at best.
u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i...
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Dec 17, 2012
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the american civil liberties union in what could be a landmark case against myriad genetics and the u.s. patent office. the case has the support of nearly the entire medical establishment that deals with genetics. >> all of those people are saying, "the patents in this case hurt women's health." >> hansen says that myriad's patents are unconstitutional and should be invalidated. >> there's a longstanding patent law doctrine that says you can't patent the laws of nature and products of nature and abstract ideas. and that's what happens when you patent genes. >> but what was the rationale of the patent office in approving this? >> that isolating and purifying the gene is so transformative that it makes it a different thing. >> but it's still not an invention? >> they would say that by taking it out of your body and stripping away some of the pieces, they--it's no longer a product of nature. it's now an invention. we think that's nonsense. if myriad develops a new drug, a new treatment, a new test, they can get a patent, and they should be able to get a patent. what they shouldn't be able
the american civil liberties union in what could be a landmark case against myriad genetics and the u.s. patent office. the case has the support of nearly the entire medical establishment that deals with genetics. >> all of those people are saying, "the patents in this case hurt women's health." >> hansen says that myriad's patents are unconstitutional and should be invalidated. >> there's a longstanding patent law doctrine that says you can't patent the laws of...
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Dec 19, 2012
12/12
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u.s. employees. at that time, globally, over -- outside the u.s. they had about 205,000. when i was working on my project in may of 2012, we want to get it straight, the same spokesman said they currently had 77,000 employees. does that look about the same to you? how many times we're at millions and millions and they had around 215,000 global employees. so we want to just put the record straight here. i personally think the cottage industries is overplayed a bit. if i'm in the business and you do 14 million annualized units of sales, so many cars are going to be sold. and manufacturers will just sell to another one. but that's an argument for another day. carl, back to you. >> all right. thank you, rick santelli. after the break, manolos and milk. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy a
u.s. employees. at that time, globally, over -- outside the u.s. they had about 205,000. when i was working on my project in may of 2012, we want to get it straight, the same spokesman said they currently had 77,000 employees. does that look about the same to you? how many times we're at millions and millions and they had around 215,000 global employees. so we want to just put the record straight here. i personally think the cottage industries is overplayed a bit. if i'm in the business and you...
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Dec 7, 2012
12/12
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u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the company and its ceo for violating public disclosure rules with a facebook post. reed hastings posted netflix monthly viewing exceeded 1 million hours ever. they're required to make full and fair public disclosure of material nonpublic information and hastings i guess thought it was okay and it's a gray area. isn't that full and fair? >> i think it is a gray area because we've always made the argument if you're watching cnbc it's okay because this is a public disclosure, right? i guess facebook maybe it's different because
u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in corporate news, netflix, regulators warning they may bring civil action against the...
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Dec 26, 2012
12/12
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u.s. equity futures this hour, not too bad. if the cliff was -- just, you know, end of the world -- i mean, we did make it through that. i guess people are optimistic that we're all still here in the flesh. we don't know at this point whether the mayan me to you're -- the end of the world could have involved a zombie apocalypse. you wouldn't know at this point whether the first zombie was actually somewhere right now -- >> someone has to be the first zombie. >> someone has to be the first one. then it spreads slowly. and that's -- could have been like that. see, that's how i thought it would end if it ends. not with a comment. but i did have a roll of quarters in my pockets, ready to go. >> are zombies not immune to rolls of quarters? >> no, in case the guys outside the planet that runs into us -- >> it depends on what type of zombie you get. if you get the walking dead zombie, i think we could deal with. that they're quite slow. >> they're not upstairs -- >> if you get the zombies from -- from -- i'm forgetting the name of the
u.s. equity futures this hour, not too bad. if the cliff was -- just, you know, end of the world -- i mean, we did make it through that. i guess people are optimistic that we're all still here in the flesh. we don't know at this point whether the mayan me to you're -- the end of the world could have involved a zombie apocalypse. you wouldn't know at this point whether the first zombie was actually somewhere right now -- >> someone has to be the first zombie. >> someone has to be the...
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Dec 3, 2012
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jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. ♪ >> seven minutes until the bell. let's get cramer's mad dash on this monday morning. first trading day of december. jim, people are watching apple because the 50% retracement of the correction is at 605. so we
jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more...
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Dec 28, 2012
12/12
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. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a constructive meeting. we all understand where we are. >> we feel very comfortable with each other and this isn't something we're going to wait until the last day of december to get it done. >> isn't that special? now we're in the last days of december. and with just three days to go, the rhetoric has changed in the beltway. these are the latest comments. >> republicans aren't about to write a blank check for anything senate democrats put forward, just because we find ourselves at the edge of the cliff. t
. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that...
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Dec 4, 2012
12/12
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the u.s. open. thank you. >> kelly, thank you. i'll just call you r kelly in now. >> that's not bad. >> ross, thank you. great to see you. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one tou
the u.s. open. thank you. >> kelly, thank you. i'll just call you r kelly in now. >> that's not bad. >> ross, thank you. great to see you. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in...
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Dec 13, 2012
12/12
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really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, despite the fed announcing a new round of stimulus. chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out
really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the...
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Dec 14, 2012
12/12
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that's reassuring for the u.s. dollar. >> and that's one of the most amazing things about the dollar. when our economy does really badly, the dollar does well. people buy tee bills. even if the government is frustrated and the fed is frustrated, there's nowhere else to go. >> and, peter, i feel like i've read in all of your writings somewhere there will be a tipping point with that. >> with the dollar? >> yes. >> i think we've almost reached it. they said why is the euro at 1.30. i said ben bernanke is the euro's best friend. we're the reserve currency of the world. i think that says a lot. will we get some dollar strength? well, look at the context. gold has gone from 250 to almost 1700. what is the dollar the going to be strong against? it's all a relative game. i think 85 billion of newly printed money in the u.s., got is going much higher. to me, that's a ultimate treasure of the dollar. >> ben, wa do you want to talk about? do you want to weigh in on that or the market's inability to move higher? i thought thi
that's reassuring for the u.s. dollar. >> and that's one of the most amazing things about the dollar. when our economy does really badly, the dollar does well. people buy tee bills. even if the government is frustrated and the fed is frustrated, there's nowhere else to go. >> and, peter, i feel like i've read in all of your writings somewhere there will be a tipping point with that. >> with the dollar? >> yes. >> i think we've almost reached it. they said why is...
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Dec 20, 2012
12/12
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we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact closed above 10,000 on wednesday for the first time since all the way back to march. overnight it ended up closing down by about 121 points, or make that tuesday. wednesday was the sell-off. where am i? no, no, no, wednesday was the big move up, thursday was the sell-off. they're 12 hours ahead of us. in europe at this hour you can see that there are barely any gains anywhere across the markets. relatively flat for both the ftse, the cac, and for the dax, saz well. again, all of these kind of waiting to see what happens in wa
we've been watching u.s. equity futures and they have been indicated higher this morning after a bit of a sell-off yesterday for the dpau. you saw it down by 90-plus points yesterday after some big gains on monday and tuesday. this morning you see the dow futures indicated up by about 43 points above fair value. s&p also four points higher than fair value. overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact...